British Columbia Court Sets Aside Helix JV on Gold Basin

CANEX Metals Inc. announced that the Supreme Court of British Columbia has ruled against the Helix Resource Ltd. joint venture agreement on the Gold Basin Property, declaring it unenforceable. This decision confirms that Helix holds no rights to the property, allowing CANEX to advance exploration and drilling plans unimpeded.

The court also mandated that Helix pay the legal costs incurred by Gold Basin Resources Corporation. This ruling follows a petition launched in October 2025 by Gold Basin Shareholders, and further amended in July 2026, seeking clear legal standing on the matter.

With the court's decision, CANEX is preparing to finalize exploration permits and secure a drill contractor, indicating updates for shareholders will follow soon. The ruling reflects key aspects of Canadian corporate law and shareholder rights.